| POSITION | Vice President of Development |
| REPORTS TO | Mike Lebow – Senior Vice President, Location Strategy & Development |
| DATE | August 2022 |
| WEBSITE | https://www.streamdatacenters.com/ |
| SEARCH CONTACT |
Andy Lane @ CFS Partners M +1 414 807 4085
|
COMPANY OVERVIEW
Stream Data Centers has provided premium data center services since 1999, with 90% of its inventory leased to Fortune 100 customers. To date, the company has acquired, developed, and managed 24 data center campuses nationally, while leadership has remained consistent for all 23 years. From site selection to data center construction and operations, Stream develops wholesale colocation capacity and build-to-suit solutions for hyperscale and enterprise users. Additionally, Stream sources low- risk land sites for optimum data center development and provides energy procurement services with a focus on reducing market risk and low-cost renewable energy options. All of Stream’s facilities feature carrier-neutral, low latency connectivity to network and public cloud providers.
Stream Data Centers is a subsidiary of Stream Realty Partners, a full service commercial real estate investment, development and services company. With $5.8 billion in annual transactions, Stream Realty Partners is one of the most successful commercial real estate firms in the country. The combined Stream portfolio of 250+ million square feet of commercial properties and 1,100+ real estate professionals, give us outstanding market insight and reach. Stream represents a “best of both worlds” partner, combining the best practices and robust financial capabilities of a publicly traded REIT with the flexibility and speed of a boutique data center provider.
- 24+ Data Centers Developed Across The U.S.
- 90%+ Of Capacity Leased To Fortune 100
- 100% Of Operations Workforce Are Employees Of Steam Data Centers
- Early Customer Terminations
- Lawsuits (Customers & Employees)
- $5.8 In Annual Transactions Across Stream’s Combined Portfolios
SERVICES / SOLUTIONS
ADAPTABLE TURNKEY COLOCATION
Stream invests in your success by proactively building data centers in locations where TCO can be optimized, the risk is low, network connectivity is robust, and sustainability is easily achievable.
- Rapid deployment in the markets you need to be
- Adaptable footprint, density, electric topology, rack height, power delivery, & network configuration
- 99.9999% uptime SLA (100% uptime delivered) without costly and complex over-engineering
- Carrier-neutral and cloud-connected with cross-connects at no added cost
- Energy-efficient and water-efficient design
- Data Center Capacity You Can Deploy Today
- Customizable to Meet Your Unique Requirements
DATA CENTER DEVELOPMENT
From greenfield builds to next-gen renovations of existing facilities, Stream’s data center development experience is unmatched in the industry.
- Fully commissioned data centers
- Ready-To-Fit TM Powered Shells
- Locations wherever you need Data Center Capacity
- Flexible Operations & Security Engagements
- Proven site selection methodology
- Proven development strategies
- Industry-leading team and supply chain
- Speed-driven development approach
- Adaptable customer-centric design
- Optimum construction standards
ENERGY PROCUREMENT SERVICES
With the right energy procurement partner, you can mitigate the risk of price hikes and power disruption, achieve your sustainability goals, and optimize energy spend. Stream demystifies energy procurement and brings transparency to a process that is too often one-sided. Whether you need a supportive partner for renewable energy options or a consultative partner to help define your requirements and craft the best-fit strategy to match, we bring to the table a well-crafted strategy based on several decades of experience with customers like you — then we modify it as necessary to specifically suit your needs.
KEY DIFFERENTIATORS
- With 23 Years of Technical Real Estate Leadership and Data Center Success, Stream believes that getting data center capacity should be a great experience.
- Stream proactively invests in great people and great facilities in the right markets, so clients have capacity when and where they need it.
- From beginning to end, the experience is collaborative; Stream listens, not dictates, and with a broad spectrum of options, they customize to what their customers need to succeed.
- Offering a collaborative experience, we listen and we’re participative, not prescriptive.
- 90% of Stream’s data center capacity is leased to Fortune 100 customers, because- working with Stream is a great experience.
- It’s a truly collaborative process — participative, not prescriptive.
- Our people are some of the best designers, builders, and operators in the business.
- We have turnkey capacity ready to deploy.
- Customers trust us because we deliver.
- Stream’s infrastructure solutions make success easier to achieve because they’re as fast, flexible, resilient, connected, and sustainable as you need
- Speed to Market
- Flexibility
- Resiliency
- Connectivity
- Sustainability
- ESG
Being part of one of the nation’s most successful real estate firms gives us outstanding market insight and reach. Stream’s infrastructure solutions make success easier to achieve because they’re as fast, flexible, resilient, connected, and sustainable as customers require.
DATA CENTER LOCATIONS
Learn more here > https://www.streamdatacenters.com/portfolio-history/
Additionally, Stream anticipates completion of DFW VII’s Expansion and secures land for DFW VIII in 2022.
LEADERSHIP TEAM
Exceptional People and Service
Stream’s core leadership team of data center experts has remained constant for two decades, and our nimble sales, implementation and management teams ensure optimum flexibility to quickly define and adapt to customer business needs.
MIKE LEBOW
Senior Vice President, Location Strategy & Development
CFS Placement
Learn more about Stream’s core leadership team, technical leadership team, and sales & marketing teams HERE.
COMPANY CULTURE
Stream’s Core Values – Our high-caliber professionals come together to create a distinct culture best summarized by our firm’s values:
Smart – We are Intelligent, creative, Innovative, and sharp; we possess an especially keen understanding of supply and demand.
Honest – We always tell the truth and conduct ourselves ethically; we consider this value paramount to our success.
Nice – We are nice to all people all of the time; we respect and seek diversity in thought and background.
Passionate – We love our company, our colleagues, our customers and our work; we Incessantly strive to win for our clients and our associate
COMPANY NEWS
Stream Data Centers – News
Stream Data Centers –Blog
Stream Data Centers – Videos
Stream Data Centers – White Papers
VICE PRESIDENT OF DEVELOPMENT
Stream Data Centers (SDC) is looking for a Vice President of Development (VPD) to capitalize on unique market conditions and secular industry tailwinds. The data center industry is growing at an unprecedented pace, which is creating opportunities for SDC to help their Hyperscale and Cloud customers prepare for future growth. Working in close conjunction with Mike Lebow, SVP Location Strategy and Development, the VPD will own the successful programmatic execution of land and infrastructure development activities to help SDC provide capacity to the market. Activities include site selection, negotiating land transactions, due diligence, rezoning and permitting, utility interconnections, contract management, and coordination with network, design, and construction teams. The VPD will also be responsible for developing tools, templates, and processes to ensure that all SDC projects follow a robust and methodical due diligence and development process in order to avoid and mitigate construction and operational risks. The VPD is a critical leadership role on a team that is expected to grow as the SDC platform scales. The VDP will be instrumental in enabling future success with the identification and development of new sites that SDC can leverage and monetize with its growing customer needs. This requires an entrepreneurial mindset and ambition, superb organizational and project management capabilities, strong strategic mindset, and the ability to work in a dynamic environment, often with limited direction. It is expected the VPD will operate with the highest level of integrity while working with landowners, communities, and government officials, and support SDC’s commitment to responsible site selection, including the highest level of respect for the environment and the communities in which they operate.
More specifically, the VPD’s charter is to –
● Work with internal and external commercial and technical teams to identify, define, and pursue new site selection projects and initiatives that will advance SDC’s growth charter.
● Lead the site selection process from start to finish, monitoring progress against objectives, providing regular status reports, tracking risks, outlining action items, and holding stakeholders accountable to keep projects on schedule.
● Proactively manage project stakeholders to include – landowners, utility company representatives, economic development officers, government officials, vendors, consultants, legal counsel, internal subject matter experts and executives, customers, etc.
● Manage engineering consultants to complete various stages of technical due diligence, understand the implications of study results, and develop a commercial strategy.
● Negotiate a variety of commercial contracts, including land acquisition agreements, economic development incentives, power and water/sewer infrastructure and supply agreements, and other site-specific agreements.
● Support the entitlements process (e.g., zoning, land use permitting) to ensure accurate and timely submission of the necessary site entitlements and permits to meet project timelines.
● Evaluate economic development incentives and assess implications of taxation rates and regulations.
● Prepare business cases, project summaries, and strategy presentations with sound financial metrics and models for leadership and investor review and approval.
● Develop processes, standards, and tools to implement a repeatable process for site selection, due diligence, and project development.
● Ability (and desire) to travel up to ~25% of the time
Competencies
● Comfortable and experienced at representing business interests to internal and external senior leadership, utility partners, government officials, and other stakeholders in a fast paced, growth-oriented environment
● Detail-oriented, strong analytical, creative thinking, and communications skills with proven ability to communicate complex commercial and market information and analysis to all organizational levels
● Ability to manage multiple projects and collaborate with internal staff, and external consultants, vendors, and other stakeholders
● Ability to work independently, thrive in ambiguity, think creatively, and deliver unique and compelling business strategies with limited direction.
WHY CONSIDER THIS OPPORTUNITY WITH STREAM DATA CENTERS
Culture – Stream Data Centers’ culture embodies the dynamics of a start-up, focusing on smart, strategic thinking which leads to creative partnering. Stream Data Centers demonstrates its mission and principles with an intense sense of commitment, customer intimacy, and energy.
Earnings – Put your fingerprint on a new chapter in the industry with an emerging growth company poised for upscale market capacity demand and scale.
Executive Leadership – Stream’s Leadership Team’s precedent success and credentials sit firmly in the top echelon in the industry’s last decade of accomplishments. The confidence in the success this organization can provide to existing and prospective customers is a rare find.
Focus – Less concerned with the market’s view and more focused on serving customer’s requirements effectively, Stream Data Centers plans to win through an intense commitment to addressing customer needs by remaining nimble, flexible, and quick to respond at scale.
Financial Strength – Stream is unique in the industry in that they are privately owned and operated, yet benefit from the financial strength of well-capitalized institutional investors. This model allows a great deal of creativity and flexibility to meet clients’ requirements, while still having the ability to execute quickly on capital intensive projects.
COMPENSATION
The compensation package for the Vice President, Development will be determined relative to the final candidate’s current circumstance and specific requirements. The package is expected to include a competitive base salary, annual bonus, additional success-based performance compensation, first-rate health and dental plans as well as a competitive package of additional benefits.
SEARCH PROCESS
Following a thorough exchange of information relating to company information, resume, and key qualifying criteria, CFS Partners anticipates recommending a short list of candidates to Michael Lebow, SVP Location Strategy & Development, in mid-to-late August, 2022. Finalists will meet with additional members of Stream’s executive leadership team and complete a case study interview. The selected finalist will be presented with a compelling and competitive offer contingent on background check and thorough references.